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Foreclosure Homes in Lima, MT

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Lima, MT Foreclosures

Current Market Conditions in in Lima, MT As of March 2026?
Over the past month, the real estate market in Lima has experienced a slight uptick in sales, largely attributed to seasonal interest as summer activities allure buyers looking for vacation homes or a permanent retreat. Properties that are priced reasonably have been selling within weeks, while higher-end listings are taking longer due to more selective buyers. Additionally, there has been an increase in inquiries about land opportunities as people consider building custom homes in scenic spots.
How much do homes sell for in Lima, MT?
The average home price is currently $431,357.
In Lima, MT, how many homes are available?
There are currently 3 active home listings available in Lima.
What’s the average rental cost in Lima, MT?
The average rental price in Lima is $1,187.
What is the most expensive home in Lima?
The most expensive home sold in Lima had a price of $5,245,100.
What is currently the cheapest priced home in Lima, MT?
The cheapest home for sale in Lima is priced at $19,356.

Living in Lima, MT

Lima, MT is a quaint small town offering a serene lifestyle surrounded by stunning natural beauty. This community is perfect for anyone seeking a peaceful setting with the great outdoors at their doorstep. With essential amenities and a supportive local culture, Lima presents an appealing choice for families and retirees alike.

Buyer vs Seller Market in Lima, MT

The Lima real estate market is currently stable, with a modest selection of homes available, catering to a variety of budgets. The town has seen consistent interest from buyers looking for vacation properties and quieter living environments. This increasing demand hints towards a steady appreciation in property values in the coming years as more people discover the beauty and tranquility of the area.

Recent trends indicate that Lima's real estate market is slightly improving as new families and individuals relocate for lifestyle changes, especially post-pandemic. Properties that offer modern amenities and outdoor access are particularly sought after. Agents report that homes typical to the area are being snatched up relatively quickly amidst an overall increase in buyer activity.

Home Value Estimator For Lima, MT

There are currently 193 real estate properties in Lima, MT, with a median automated valuation model (AVM) price of $279,375.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Lima, MT, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Lima, MT, is $431,357.00, with the most expensive house in Lima, MT, topping out at $5,245,100.00 and the cheapest home in Lima, MT, clocking in at $19,356.00. In other words, there’s something for every potential homebuyer or savvy investor in Lima, MT!

Rent Prices In Lima, MT

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Lima, MT, is on a rollercoaster ride. The average rent price in Lima, MT, is $1,187.00. Indeed, when looking to rent in Lima, MT, you can expect to pay as little as $570.00 or as much as $2,180.00, with the average rent median estimated to be $1,160.00. The good news is that finding an affordable and desirable property to rent in Lima, MT -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Lima, MT Foreclosures


Market Trend for Lima, MT

Total Listings Available: 3

Market Values:

Home Prices from $19,356 to $5,245,100

Average Sales Price: $431,357

Rental Values:

Rental from $570 to $2,180

Average Rent Value: $1,187 / month

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